Dimensional Fund Advisors LP Cuts Stake in NVE Co. (NASDAQ:NVEC)

Dimensional Fund Advisors LP lessened its stake in shares of NVE Co. (NASDAQ:NVEC) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,028 shares of the semiconductor company’s stock after selling 409 shares during the quarter. Dimensional Fund Advisors LP’s holdings in NVE were worth $8,965,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NVEC. Precision Wealth Strategies LLC purchased a new stake in NVE in the first quarter worth $206,000. Sequoia Financial Advisors LLC purchased a new stake in NVE in the second quarter worth $238,000. Principal Financial Group Inc. lifted its stake in NVE by 13.0% in the second quarter. Principal Financial Group Inc. now owns 5,519 shares of the semiconductor company’s stock worth $412,000 after acquiring an additional 637 shares during the period. Kings Path Partners LLC purchased a new stake in NVE in the second quarter worth $443,000. Finally, Koss Olinger Consulting LLC bought a new position in NVE in the second quarter worth $460,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

Insiders Place Their Bets

In other news, Director Terrence Glarner sold 344 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $78.71, for a total transaction of $27,076.24. Following the completion of the transaction, the director now directly owns 1,200 shares in the company, valued at $94,452. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

NVE Trading Down 1.2 %

NVEC opened at $77.77 on Tuesday. The stock has a fifty day simple moving average of $79.69 and a two-hundred day simple moving average of $79.12. The company has a market cap of $375.94 million, a price-to-earnings ratio of 21.91 and a beta of 1.14. NVE Co. has a 12-month low of $64.14 and a 12-month high of $90.24.

NVE (NASDAQ:NVEC) last posted its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $6.78 million during the quarter. NVE had a return on equity of 25.53% and a net margin of 60.60%.

NVE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, July 29th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $4.00 dividend on an annualized basis and a yield of 5.14%. NVE’s dividend payout ratio (DPR) is 112.68%.

About NVE

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.